Simple interest on Rs. 12000 for 2 years at 7% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 12000 for 2 years at 7% per annum is

A. Rs. 1500

B. Rs. 1800

C. Rs. 1680

D. Rs. 2100

Answer: Option C

Solution (By JKSSB Mock Tests)

SI = (12000 × 7 × 2)/100 = 1680.

This question belongs to: Maths Simple Interest

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Question #1

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The principal that gives Rs. 2469600 interest in 9 years at 15% SI is

A. Rs. 1830000

B. Rs. 1829000

C. Rs. 1828000

D. Rs. 1831000

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Correct Answer: Option A

Explanation:
P = (2469600 × 100)/(15 × 9) = 1830000.

This question belongs to: Maths Simple Interest

Question #2

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Simple interest on Rs. 2304000 for 3 years at 56% per annum is

A. Rs. 3870720

B. Rs. 3871120

C. Rs. 3870520

D. Rs. 3870920

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Correct Answer: Option A

Explanation:
SI = (2304000 × 56 × 3)/100 = 3870720.

This question belongs to: Maths Simple Interest

Question #3

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The rate at which Rs. 342000 amounts to Rs. 444600 in 3 years is

A. 12%

B. 9%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
SI = 102600. R = (102600 × 100)/(342000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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